ONE Group Hospitality (NASDAQ:STKS) Director Jonathan Segal Acquires 37,000 Shares of Company Stock

The ONE Group Hospitality, Inc. (NASDAQ:STKS) Director Jonathan Segal bought 37,000 shares of the firm’s stock in a transaction on Tuesday, November 10th. The stock was purchased at an average price of $1.06 per share, for a total transaction of $39,220.00. Following the completion of the acquisition, the director directly owned 2,698,400 shares in the company, valued at $2,860,304. The trade was a 1.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jonathan Segal also recently made the following trade(s):

• On Wednesday, November 11th, Jonathan Segal purchased 1 shares of ONE Group Hospitality stock. The stock was purchased at an average cost of $1.00 per share, with a total value of $1.00.

ONE Group Hospitality Stock Performance

Shares of NASDAQ STKS opened at $1.06 on Friday. The company has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.75. The ONE Group Hospitality, Inc. has a 1 year low of $0.97 and a 1 year high of $2.65.

Institutional Trading of ONE Group Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new position in shares of ONE Group Hospitality in the third quarter valued at approximately $45,000. Nantahala Capital Management LLC purchased a new stake in ONE Group Hospitality during the 2nd quarter worth approximately $4,263,379. Bank of America Corp DE purchased a new stake in ONE Group Hospitality during the 2nd quarter worth approximately $51,000. Finally, BlackRock Inc. purchased a new stake in ONE Group Hospitality during the 2nd quarter worth approximately $905,000. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on STKS shares. Piper Sandler reduced their target price on ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of ONE Group Hospitality in a report on Wednesday, November 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.00.

About ONE Group Hospitality

ONE Group Hospitality, Inc. is a hospitality company that develops, owns, operates, manages and licenses upscale and polished-casual restaurants and lounges. Its concepts emphasize high-energy dining, premium food and beverage offerings, and entertainment-oriented guest experiences. The company’s principal brands are STK Steakhouse and Kona Grill. STK combines the traditional steakhouse with a contemporary lounge atmosphere, serving premium steaks, seafood, cocktails and other upscale menu items.